Chapter 24 - 26

Key Symbols

C = Consumption
S = Savings
Ig = Gross Investment
X = Exports
Xn = Net Exports
G = Government Purchases

Formulas

C +Ig + G + Xn = Expenditure Approach GD
C + S = DI (Disposible Income)

Calculating GDP (income and expenditure approach)

Approaches to Calculating GDP.docx
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Business Cycles & Unemployment

Circular Flow Model

Types of Inflation - Cost Push and Demand Pull